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Everyone is free to ask and we could help each other over here 
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Post your Accounting p2 doubts !
- Thread starter joanna omar
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Everyone is free to ask and we could help each other over here
ooh btw,, how was yr exam?
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the following information has been extracted from the trial balance of a business:
sales 100000, purchases 60,000, wages 21000.
closing stock was 3000 more than opening stock.
1/3 of the wages was charged to cost of sales in the trading section of the income statement.
what was the gross profit?
the book says that the answer is 36000 but how ?
sales 100000, purchases 60,000, wages 21000.
closing stock was 3000 more than opening stock.
1/3 of the wages was charged to cost of sales in the trading section of the income statement.
what was the gross profit?
the book says that the answer is 36000 but how ?